Friday, 12 July 2013

Sumatec sets up O&G production subsidiary in Kazakhstan

Sumatec Resources Bhd plans to expand into the O&G production field by setting up a subsidiary in Kazakhstan. In a filing with Bursa, the company, which specialises in the downstream O&G sector, said it had received approval from the Ministry of Justice of the Republic of Kazakhstan to incorporate a wholly owned subsidiary named Sumatec Oil & Gas LLP in that country. (Financial Daily)